teleSUR - In the long lead-up to the United Nations Conference on Climate Change (COP21), most countries did not act in the way that many had wished as they failed to adopt the necessary measures required to effectively mitigate the impact of climate change.
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One of the innovate policy proposals discussed during the event was the concept of “climate debt,” the idea that rich countries owe reparations to poor countries for the climate crisis. “It was always clear that the power of the argument was less in its likely applicability and more in turning the idea of debt on its head, showing that rather than the poor being in debt to the rich as we traditionally understand third world debt, the rich were in debt to the poor for their carbon emissions” , Nick Buxton from the Transnational Institute told teleSUR English.
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